Binance CEO Richard Teng recently outlined how the exchange has prevented over $2.4 billion in losses from scams and frauds. These efforts have affected over 1.2 million users across the globe.
This significant milestone was achieved through Binance's advanced risk management and monitoring systems, which were operational from January to July 2024.
Richard Teng's announcement highlights the effectiveness of these systems in safeguarding user assets and promoting trust in the platform.
